Bullish
$OCGN This whole thing seems a little "neat." Insider buys conveniently timed with the end of B/C warrant dilution. With B/C warrants exercised, the OS count (disclosed just in time publicly) is such that I believe the investors can now exercise the entire additional B shares of 12.6M and be within beneficial ownership limits. So, what do you do? Dilute remaining initial B-shares to create fresh low, trap unsuspecting retail shorts to leverage for the ride up. I'll be very surprised if we see dilution tomorrow, outside of a few sparse shares that might remain ahead of full exercise of additional B shares. Why? The money. If the investors can now hold all of the remaining warrant shares (rather than fighting each other to use them up), there is very little reward-risk left in using their shares to dilute and short. There is much more upside opportunity to hold those shares (especially given insider buys and potential buyback) now. BuyBack, Neocart, etc. I'm just along for the ride.
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